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FaZe Clan is acquired by esports holding company GameSquare Holdings in a deal valuing Faze at ~$16M, down from a $725M market cap at its 2022 SPAC merger (Alexander Lee/Digiday) 20-10-2023

Alexander Lee / Digiday: FaZe Clan is acquired by esports holding company GameSquare Holdings in a deal valuing Faze at ~$16M, down from a $725M market cap at its 2022 SPAC merger  —  FaZe Clan’s billion-dollar journey has taken an unexpected — but perhaps inevitable — turn.  Burned by controversy and facing … Lees verder op Tech Meme

Tim Cook's China trip, unannounced ahead of time, shows Apple's complex relationship; Cook told an official Apple was committed to growing with local partners (Wall Street Journal) 20-10-2023

Wall Street Journal: Tim Cook’s China trip, unannounced ahead of time, shows Apple’s complex relationship; Cook told an official Apple was committed to growing with local partners  —  CEO’s visits with senior officials, local stores and a supplier come amid cooling demand for the company’s high-end phones Lees verder op Tech Meme

The US' tighter chip rules may leave Alibaba and Baidu relying on outdated and stockpiled chips, like the Nvidia V100 from 2017, to pursue their AI ambitions (Financial Times) 20-10-2023

Financial Times: The US’ tighter chip rules may leave Alibaba and Baidu relying on outdated and stockpiled chips, like the Nvidia V100 from 2017, to pursue their AI ambitions  —  Chinese tech groups restricted to using outdated processors as Washington aims to curtail Beijing’s artificial intelligence ambitions Lees verder op Tech Meme